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Mustapa To Take Up SME Financing Issue With Bank Negara
KUALA LUMPUR, Feb 23 (Bernama) -- Minister of International Trade and Industry Datuk Seri Mustapa Mohamed will meet personally with the top management of Bank Negara at the soonest, to address the issue of financing,particularly for the small and medium entreprises (SMEs).
"I will take this (issue of financing) personally to the top management of Bank Negara for a resolution," he said at a dialogue session of the National Domestic Investment Dialogue and Seminar here Tuesday.
The seminar was organised by the Malaysian Industrial Development Authority (MIDA) and SME Corporation. He said the issue of failing to secure financing from SME banks is being raised everywhere and should be addressed seriously as it could affect the government's move to stimulate domestic investments.
"I am quite embarrased with this issue, as everywhere I go, I keep hearing of the same problem. It was also raised during last week's National SME Development Council meeting chaired by the Prime Minister," he added.
Mustapa was responding to a question by a participant on the slow approval process for financing as well as the lack of experts in SME banks to evaluate financing applications. The National Domestic Investment Dialogue and Seminar, last organised three years ago, attracted more than 800 participants from both the private and public sectors. -- BERNAMA
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